¶¹ÄÌÊÓƵAPP

Iceland became a member of the International ¶¹ÄÌÊÓƵAPP for Reconstruction and Development¡ªthe World ¶¹ÄÌÊÓƵAPP¡ªon Dec. 27, 1945. Today, Iceland is a member of the five institutions that form the World ¶¹ÄÌÊÓƵAPP Group. Iceland and the World ¶¹ÄÌÊÓƵAPP work with other member governments to finance projects, design policies, and deliver programs to eradicate poverty in the developing world.

The Nordic Baltic Desk at the World ¶¹ÄÌÊÓƵAPP Paris office works to promote consensus around the international development agenda and build a platform for collaboration between the World ¶¹ÄÌÊÓƵAPP Group and Iceland. It does this by promoting better understanding of the World ¶¹ÄÌÊÓƵAPP Group¡¯s mission and activities and by building relationships with key stakeholders such as government, legislators, civil society organizations, the private sector, academia, and the media.

It also supports outreach activities, often in collaboration with Icelandic partners, such as organizing and supporting conferences, seminars, and other events on development-related topics. The office serves as an entry point for groups in Iceland wishing to contact World ¶¹ÄÌÊÓƵAPP staff across the world or access the plethora of information the ¶¹ÄÌÊÓƵAPP publishes, and it responds to media queries. It also seeks to increase opportunities for collaboration between Iceland and the World ¶¹ÄÌÊÓƵAPP Group through co-financing, trust funds, and joint analytical work in sectors and regions of mutual interest.

World ¶¹ÄÌÊÓƵAPP Governor

¶¹ÄÌÊÓƵAPP Board of Governors is the ¶¹ÄÌÊÓƵAPP¡¯s senior decision-making body. The Governors, usually Ministers of Finance or Development, meet twice a year. The Governors have the power to admit and suspend members of the World ¶¹ÄÌÊÓƵAPP Group, increase or decrease the authorized capital stock, determine the distribution of the net income of the ¶¹ÄÌÊÓƵAPP, and decide on the World ¶¹ÄÌÊÓƵAPP Group¡¯s overall strategic direction. 

To connect with the current governors and alternate governors offices, please refer to .

World ¶¹ÄÌÊÓƵAPP Executive Director

The Governor Delegates responsibility for overseeing the day-to-day business of Iceland¡¯s interests at the ¶¹ÄÌÊÓƵAPP to the Executive Director (ED) representing Iceland, Denmark, Estonia, Finland, Latvia, Lithuania, Norway, and Sweden. EDs reside in Washington and normally meet twice a week to decide on borrowing and financial questions, projects, and policies that affect World ¶¹ÄÌÊÓƵAPP Group general operations. Sigrun Rawet (Sweden) is the ED representing the Nordic-Baltic constituency on the 25-member World ¶¹ÄÌÊÓƵAPP Board of Executive Directors, and Trine Lunde (Norway) is the Alternate Executive Director.

Shares and Voting Power

¶¹ÄÌÊÓƵAPP Group has a weighted system of voting. All members of the ¶¹ÄÌÊÓƵAPP receive votes consisting of share votes (one vote for each share of the ¶¹ÄÌÊÓƵAPP's capital stock held by the member) plus basic votes (calculated so that the sum of all basic votes is equal to 5.55% of the sum of basic votes and share votes for all members). The voting power distribution differs from agency to agency within the World ¶¹ÄÌÊÓƵAPP Group.

For the latest voting status, please visit the Voting Powers page.